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Great Boulder Resources share trades halted ahead of acquisition news

Details of the company’s acquisition are expected by start of trade on Monday.

Great Boulder Resources Ltd -- acquisition news is expected
Its acquisition news is expected by Monday

Great Boulder Resources Ltd (ASX:GBR) securities have gone into a voluntary trading halt on the Australian Securities Exchange as the company prepares to make a report on an acquisition.

Shares in the Western Australian company were halted from trade before lunchtime after Great Boulder told ASX Ltd (ASX:ASX) it expected its securities would be returned to trading by Monday.

Company secretary Melanie Ross requested the halt and encouraged people with questions to contact the company.

Applecross-based Great Boulder is focused on gold exploration in the WA Goldfields near Kalgoorlie.

The company recently intersected nickel sulphides at its Tarmoola project during drilling and highlighted potential at its Winchester nickel, copper and PGE anomalism earlier this year.

A new leader

In June, the company welcomed new managing director Andrew Paterson to the fold.

Paterson had been chief geological officer and a director at New South Wales company Kingston Resources Ltd (ASX:KSN).

The MD has more than 25 years’ experience in mining and exploration in Australia and PNG, with a career that spans the gold, nickel, iron ore and lithium sectors.

Kingston is developing the Misima Silver-Gold Project on Misima Island in Papua New Guinea.

It also has the Livingstone Gold Project in WA’s Bryah basin in its portfolio.

Quick facts: Great Boulder Resources Ltd

Price: 0.085 AUD

Market: ASX
Market Cap: $15.99 m


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